Overview
Henderson EuroTrust invests predominantly in large and medium-sized companies which are perceived to be undervalued in view of their growth prospects or on account of significant changes in management or structure. The company aims to achieve a superior total return from a portfolio of high quality European investments. Henderson EuroTrust maintains a focused portfolio of around 50 stocks, investing in mid to large companies from Western Europe. The manager consistently employs a long term buy and hold policy.
The fund manager’s website can be found here.
Research History
-
06 Apr 2023 82 min read
QuotedData’s Economic and Political Monthly Roundup April 2023
Economic and Political Monthly Roundup Investment companies | Monthly | April 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
-
12 Nov 2020 5 min read
QuotedData’s Economic Roundup – November 2020
Economic and Political Monthly Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
-
07 May 2020 4 min read
QuotedData’s Economic Roundup – May 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
-
12 Nov 2019 1 min read
QuotedData’s economic roundup – November 2019
Economic & Political Roundup
-
13 Nov 2018 1 min read
QuotedData’s economic roundup – November 2018
QuotedData’s economic roundup – November 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
-
10 Nov 2017 1 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
-
2 min read
QuotedData’s economic round up – November 2017
QuotedData’s economic round up – November 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
-
10 Apr 2017 1 min read
QuotedData’s round up of views on the global economy – April 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
-
08 Nov 2016 1 min read
QuotedData investment companies roundup – November 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2016. november-investment-companies-roundup-2
-
1 min read
QuotedData’s round up of views on the global economy – November 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. november-economic-and-political-roundup
News
-
27 Dec 2024 5 min read
QuotedData’s review of the year 2024
This is the last of our weekly emails for 2024. We hope that you have been finding them useful. 2024 has been a year of setbacks and shrinkage for the UK investment companies industry, topped by the cynical and self-serving attack on seven trusts by US corporate raider Saba Capital (there will be much more […]
-
17 May 2024 1 min read
QuotedData’s weekly news show 17th May 2024
Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Chrysalis (0:16) • Pantheon International (5:07) • Henderson European Focus / Henderson Eurotrust (6:48) This week’s interview was with Mark Sheppard from Manchester & London IT […]
-
15 May 2024 2 min read
Henderson provides an update to its proposed European trust merger
The board of Henderson European Focus Trust (HEFT) has provided an update on its merger with Henderson Eurotrust (HNE). The merger was initially announced on 14 March, with the intended new trust being named Henderson European Trust. The boards of HNE and HEFT have now agreed on revised terms to the merger, with the updated […]
-
15 Mar 2024 1 min read
QuotedData’s weekly news show 15th March 2024
Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Henderson EuroTrust / Henderson European Focus (0:53) • GCP Asset Backed Income (5:36) • Scottish Mortgage (7:41) • Regional REIT (11:02) This week’s interview was with […]
-
14 Mar 2024 2 min read
Henderson to merge its two European trusts
The boards of Henderson European Focus Trust (HEFT) and Henderson EuroTrust (HNE) have signed Heads of Terms in respect of a proposed merger of interests to form Henderson European Trust plc. HNE is being folded into HEFT using a s110 scheme. The City Code on Takeovers and Mergers is not expected to apply to the proposals. The combined […]
-
28 Sep 2023 4 min read
Henderson Eurotrust beats both benchmark and peers
Henderson Eurotrust has published results for the 12 months ended 31 July 2023. Over the period, it delivered an NAV return of 16.7% and a share price return of 19.7% – both ahead of the benchmark return of 16.1% and well-ahead of the peer group NAV return of 14.6%. The dividend was maintained at 3.8p. […]
-
28 Apr 2023 4 min read
QD view – Finding courage in uncertain times
Fortune favours the brave, or so they say, and, as it turns out, so do the markets. One of the most important factors in investing is simply being first to bat, as by the time your turn comes, the game could be already over. Putting aside the metaphors, there is a distinct possibility that we […]
-
27 Jan 2023 1 min read
QuotedData’s weekly news show 27th January 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • JLEN / HydrogenOne (0:42) • US Solar Fund (9:27) • Henderson Eurotrust (10:33) This week’s interview was with Eileen Fargis from Ecofin US Renewables […]
-
26 Jan 2023 1 min read
Former Henderson EuroTrust analyst charged with insider dealing
The FCA has started criminal proceedings against five individuals for conspiracy to commit insider dealing and money laundering. The FCA alleges that Redinel Korfuzi, Oerta Korfuzi, Iva Spahiu, Rogerio de Aquino and Dema Almeziad conspired to commit offences of insider dealing between 17 December 2019 and 25 March 2021. Specifically, the FCA alleges that Mr […]
-
02 Dec 2022 4 min read
QD view – Investing in Europe at a time of recession
Recession now appears inevitable across much of Europe – and may already have started. A grim winter of potential fuel shortages and economic disruption looms. However, the impact for stock markets is not clear-cut. With a range of styles in the European sector, could one prevail over another in the tough year ahead? There has […]
-
03 Oct 2022 4 min read
Henderson Eurotrust has a tough year
Henderson Eurotrust (HNE) has published its annual results for the 12 months ended 31 July 2022. During the year, which HNE’s chairman, Nicola Ralston, describes as “a tough one for the Company’s investment portfolio”, HNE provided NAV and share price total returns of -13.9% and -19.6% respectively. In comparison, HNE says that its benchmark, the […]
-
05 Oct 2021 3 min read
Henderson Eurotrust will split its shares
For the 12 months ended 31 July 2021, Henderson Eurotrust generated a share price total return of 25.8% and an NAV total return of 22.3%. These lagged the return on the company’s benchmark, the FTSE World Europe (ex UK) Index which returned 26.6%. The dividend is being maintained at 25.0p using £1.8m (based on the […]
-
02 Oct 2020 10 min read
Strong absolute performance from Henderson Eurotrust despite challenging markets
Henderson Eurotrust (HNE) has announced its annual results for the year ended 31 July 2020, during which it has delivered strong absolute performance in both share price and NAV total return terms, despite challenging markets and has also materially outperformed its AIC Europe sector peer group. During the year, HNE net assets rose by 10.4% […]
-
1 min read
QuotedData’s morning briefing 2 October 2020
In QuotedData’s morning briefing 2 October 2020: It’s a bit of a slow day, but we do have annual results from Henderson Eurotrust (a very strong performance despite challenging markets), the IPO of RTW Venture’s PulmonX Corporation, annual results from JPMorgan Emerging markets and the disposal by Regional REIT of Juniper Park, Basildon, Essex, for £32.7m. Elsewhere, US […]
-
07 Oct 2019 3 min read
Manager’s stock picks deliver for Henderson Euro Trust
Manager’s stock picks deliver for Henderson Euro Trust – Henderson Euro Trust (HNE) delivered an NAV total return of 6.6% over the year to 30 July 2019. This was 1.9% ahead of its benchmark (FTSE World Europe (ex UK)) in sterling terms. Chairman, Nicola Ralston, said: “The portfolio we hold at the moment is relatively concentrated, with […]
-
12 Dec 2018 1 min read
Henderson EuroTrust tweaks fee arrangements
Henderson EuroTrust (HNE) has announced new fee arrangements that will take effect from 1 January 2019. Under the new fee arrangements, the performance fee will be removed. However, HNE has a tiered base management fee (calculated as a proportion of net assets) and the level where the base fee switches to the lower rate has […]
-
08 Oct 2018 2 min read
Henderson Eurotrust prepares for Tim Stevenson’s retirement
Henderson Eurotrust prepares for Tim Stevenson’s retirement – Henderson EuroTrust has published its results for the year ended 31 July 2018. The net asset value total return was 6.8% compared to a total return from the benchmark index, the Europe (ex UK) Index, of 5.8%. The dividend is being hiked by 22% – to 30.5p from 25p. The […]
-
09 Oct 2017 2 min read
Henderson EuroTrust celebrates 25 years with a fee cut
Henderson EuroTrust celebrates 25 years with a fee cut – Henderson EuroTrust says that, for the year ended 31 July 2017, its NAV total return just failed to match its benchmark, producing a return of 24.3% compared to a total return from the benchmark index, the World Europe (ex UK) Index of 24.6%. Shareholders benefitted from […]
-
10 Oct 2016 1 min read
Henderson EuroTrust let down by widening discount
Henderson EuroTrust has published results for the year ended 31 July 2016. The net asset value (“NAV”) per share total return (including dividends reinvested and excluding transaction costs) was 11.7% compared to a total return from the benchmark index, the FTSE World Europe (ex UK) Index of 7.1%. Total dividend for the year of 20.0p […]
-
03 Apr 2016 1 min read
Good first half for Henderson EuroTrust
Over the six months to 31 January 2016 the Henderson EuroTrust’s Net Asset Value (“NAV”) total return fell by 1.9%. This compares with a return on the benchmark index, FTSE World Europe (ex UK) Index of -6.1%. The share price total return was down by 5.1%. An interim dividend of 6.0p, an increase of 0.5p […]
-
08 Oct 2015 1 min read
Henderson EuroTrust outperforms for 8th year running
Henderson EuroTrust has announced results for the year ended 31 July 2015. The net asset value per share total return (including dividends reinvested and excluding transaction costs) was 13.9% compared to a total return from the benchmark index, the FTSE World Europe (ex UK) Index of 9.6%. The final dividend will be 13.0p, (2014: 12.5p) producing a […]
-
06 Nov 2014 1 min read
Henderson Eurotrust writes down OW Bunker
HNE : Henderson Eurotrust writes down OW Bunker Henderson Eurotrust is writing down the value of its investment in OW Bunker to zero. this was 1.13% of the portfolio at 31 October 2014. The reason for the write down says HNE is that fraud has been discovered in OW Bunker’s Singaporean subsidiary. The write down […]
-
09 Oct 2014 1 min read
Narrowing discount boosts returns from Henderson Eurotrust
HNE : Narrowing discount boosts returns from Henderson Eurotrust The year that finished on 31 July 2014 was a good one for shareholders in Henderson Eurotrust as its discount narrowed considerably on top of outperformance of its benchmark index. For the period Henderson Eurotrust generated a return on net assets of 5.4% against a 4.1% […]
Upcoming Events
Videos
In The Press
-
27 Jun 2024 1 min read
What’s behind more investment trusts joining forces?
by Kyle Caldwell from interactive investor, 25th June 2024: The investment trust industry has in the past faced criticism for having too many small, sub-standard trusts with assets worth £100 million or less. This has been changing over the past couple of years, with boards increasingly ringing the changes. Boards have the ability to replace […]
-
03 Nov 2022 1 min read
The European trusts on the biggest discounts relative to their recent history
By Tom Aylott, Reporter Trustnet, 2 November 2022: Many trusts have been struck by soaring inflation and tightening monetary policies this year, but those investing in European equities have been particularly battered. The war in Ukraine and lost gas imports from Russia have compounded to create a challenging market environment for European investors. As a […]
-
21 Jan 2022 1 min read
WI Daily: Share splits and investors
Rory Palmer, What Investment, 18 Jan 2022: Near the end of last year, I was told that my shares in Henderson EuroTrust had been subdivided after the board announced a reorganisation of the company’s share capital. As a relatively new investor, this was a first. I knew it was an option trusts could exercise, but I wanted […]
-
24 Jun 2021 2 min read
Is now the time to move on these historically cheap trusts?
Trustnet searched across the AIC sectors to find the investment trusts that are trading on a historically attractive discount compared to five years ago and that have still maintained performance. By Rory Palmer, Reporter, Trustnet 17 June 2021 Henderson EuroTrust, Miton UK Microcap and BlackRock Frontiers are just three of the investment trusts that are trading […]
